January 21, 2019
Canadian banknotes on white background

CAD Hits 9 Day Low as Oil Prices Slip – but Could It Turn a Corner in 2019?

The Canadian Dollar slipped to a 9-day low against its US counterpart this week following yet another drop in oil prices. US crude slipped to $52.07 a barrel on Thursday following increased US production, contributing to CAD losing further ground against USD. Although the oil price led CAD depreciation was minimal it drove the commodity […]
January 21, 2019
Success way. Tropical island in the form of dollar, 3D Illustration

Why I’m Not Living on My Own Island

This is why £2 a week on a footie accumulator is quite enough excitement for me. should I have been inclined to have a flutter on a sterling position last week, then a triple-digit defeat for May’s Brexit bill having negative implications for the pound would have seemed a wise wager. So what happens? May […]
January 14, 2019
currency exchange rate on digital LED display board

The G7 – A Week in Foreign Exchange

After the UK government lost a key Brexit Finance bill last week, the likelihood of a ‘no deal’ continues to decrease. It appears that, with her Commons vote on Tuesday (7 p.m.) and her comments over the weekend, Teresa May will be appealing to the ‘leavers’ in her party to either vote for a deal […]
December 13, 2018
Canadian money on a black background

Canadian Dollar Saved after Positive November Jobs Outlook

CAD surges after sound November labour market data. Despite healthy Jobs and unemployment, wages continue to disappoint. Bank of Canada outlook softened due to the positive data report A brief relief for CAD after a dark few months Friday was a happy day for the Canadian Dollar after it strengthened rapidly after November’s labour market […]
December 10, 2018
Canadian dollar (CAD) notes from 5 to 100

Need Canadian Dollars? Everything You Need to Know about What Will Affect the CAD Rate

7 currencies account for over 80% of the volume of the forex market, and the Canadian dollar (known as the “Loonie” because of the appearance of a loon on the back of the C$1 coin as slang) is one of these major currencies, and is the fifth-most held currency as a reserve. The Canadian dollar’s […]
October 15, 2018
North American Free Trade Agreement or Nafta and 2026 football world cup organizing countries concept with close up on the flags of Mexico, USA and Canada

Who Was the Real Winner from the ‘New NAFTA’ Deal?

After 14 months of negotiations, personal attacks and twitter rants it would appear that the US, Canada and Mexico are going to approve a ‘new NAFTA’ deal renamed the USMCA deal. Although every nation appears to have made concessions we take a look a key parts of the deal and what they might offer each […]
September 4, 2018

No NAFTA Deal Agreed – USD/CAD Up Significantly

This week both the Europe and Northern America had been focusing on deals. Europe seeing possible developments with the deal between the UK and EU and Northern America reaching their deadline to finalise the new NAFTA agreement.  Whilst US officials plan to meet the Canadians next week to pursue the agreement, its understood that the […]
August 20, 2018

Inflation Figures Boost CAD – but Is Canada Being Eased out of NAFTA Talks?

This week’s Canadian Inflation Figures spurred the Canadian dollar this week with the Loonie enjoying gains against a multitude of currencies. The figure which smashed its target is now fuelling speculation that the Bank of Canada could raise interest rate again. The gains come despite speculation that the US and Mexico could be squeezing Canada […]
July 16, 2018
European Central Bank (ECB)

Report on ECB Members Sentiment Spurs on the Euro

This week’s data bolstered the Euro, inflation would have now appeared to have turned a corner registering the highest level since April last year. The indicators have caused some ECB members to highlight that a rate rise should be implemented sooner than next year, contradicting Mario Draghi’s slow and steady, softly-softly approach.